TechFlow, May 8 — Core Scientific released its first-quarter 2025 financial report: net income reached $581 million, a 176% year-over-year increase. The report showed total revenue for the first quarter was $79.525 million, down 55% compared to the same period last year; gross margin from self-mining digital assets dropped to 9%. The company plans to deliver 250MW of billable capacity to CoreWeave by the end of the year, with managed hosting services expected to generate $360 million in annualized revenue by 2026. As of the end of the first quarter, the company held $778.6 million in cash and digital assets, maintaining strong liquidity to support strategic growth.
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